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Japan Stocks Set for Weekly Gain, With Strength in Exporters.

Authors :
Hosoda, Naoto
Hasegawa, Toshiro
Source :
Bloomberg.com; 8/15/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Japanese stocks are on track for their first weekly gain in over a month, as the market recovers from a recent decline. This recovery is supported by a better economic outlook in the US and a decline in the value of the yen, which is benefiting tech firms and exporters. All 33 industry sub-indexes of the Topix are set to advance for the week. The positive performance of Wall Street and strong US economic data are expected to further fuel the rally. Futures prices suggest that the Nikkei 225 Stock Average will achieve its biggest weekly gain of the year. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179044056